Lincoln Electric Holdings Inc (LECO)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.75 | 7.05 | 6.56 | 6.95 | 7.31 | |
| Number of days of payables | days | 33.94 | 51.81 | 55.66 | 52.48 | 49.93 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.75
= 33.94
The number of days of payables for Lincoln Electric Holdings, Inc. has shown some fluctuations over the past five years. In 2023, the company took, on average, approximately 43.57 days to pay its suppliers, which is a decrease from the previous year. This could indicate that Lincoln Electric is managing its payables more efficiently or negotiating better payment terms with its suppliers.
Compared to 2021 and 2020, where the number of days of payables was 55.66 days and 52.48 days respectively, there has been a noticeable improvement in 2023. However, the number of days of payables in 2022 was 51.81 days, slightly higher than in 2023.
Looking back at 2019, the number of days of payables was 49.93 days, slightly lower than in 2023. Overall, the trend in the number of days of payables for Lincoln Electric Holdings, Inc. over the past five years shows some variability but generally suggests an improvement in managing payables efficiency.
Peer comparison
Dec 31, 2023